Harmonized Index of Consumer Prices: Bread and Cereals for Spain
CP0111ESM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
133.97
Year-over-Year Change
0.82%
Date Range
1/1/1996 - 7/1/2025
Summary
The Harmonized Index of Consumer Prices: Bread and Cereals for Spain measures the price changes of bread, cereals, and related products for Spanish consumers. This metric is a key indicator of inflation and purchasing power in the food sector.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The Harmonized Index of Consumer Prices (HICP) is a standardized measure of consumer price inflation across European Union countries. The Bread and Cereals index tracks the price changes of a basket of common grain-based food products in Spain, providing insight into household budgets and broader economic conditions.
Methodology
The Spanish Statistical Office collects retail price data from a sample of goods and services to calculate the HICP series.
Historical Context
The Bread and Cereals HICP is used by policymakers and economists to assess inflationary pressures and the cost of living in Spain.
Key Facts
- Bread and cereals account for around 5% of the total Spanish consumer price basket.
- The Bread and Cereals HICP reached a record high of 119.32 in March 2022.
- Spain's overall HICP inflation rate hit 9.8% year-over-year as of May 2022.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices: Bread and Cereals for Spain measures the changes in retail prices for a basket of bread, cereal, and other grain-based food products purchased by Spanish consumers.
Q: Why is this trend relevant for users or analysts?
A: This metric provides valuable insight into inflationary pressures and changes in household purchasing power for a key component of the consumer price index. It is used by policymakers, economists, and market participants to assess broader economic conditions in Spain.
Q: How is this data collected or calculated?
A: The Spanish Statistical Office collects retail price data from a sample of goods and services to calculate the Harmonized Index of Consumer Prices.
Q: How is this trend used in economic policy?
A: The Bread and Cereals HICP is monitored by the European Central Bank and Spanish government to help guide monetary and fiscal policy decisions aimed at managing inflation and promoting economic stability.
Q: Are there update delays or limitations?
A: The Harmonized Index of Consumer Prices data is typically published on a monthly basis with a lag of around 2-3 weeks. However, there may be revisions to previously reported figures as new information becomes available.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Bread and Cereals for Spain (CP0111ESM086NEST), retrieved from FRED.